The future of Australian retail?

sptrawler said:

the retirees have all realised that their fortunes could change as quickly as a change of Government, everyone seems to be focusing on their own "plan".
Which for the Australia I grew up in is most unusual, the she'll be right mate attitude, has gone.
The election changed Australia in a lot of ways and I don't think it has finished morphing yet, but it will be a better Country for it. IMO

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I've noticed much the same yes. The election has acted as the proverbial "wake up call" for many.

qldfrog said:

Which we can summarise by
After 20years of mindless growth, absence of real economic issue for every day people,:

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That is a very true statement IMO frog, Australia since the late 1990's has been really booming, the GFC in reality was a non event for us.
There was fanfare and headlines, but in reality the mining construction boom was just getting into full swing, we were importing thousands and thousands of 457 workers, money was flowing like there was no tomorrow. Also stimulus was poured into the economy, so retail was on a gravy train so was housing and investment properties.
When the mining boom slowed down in 2013, the housing market was pump primed even SMSF's were encouraged to buy investment properties, that sort of money flow and lifestyle can't be supported forever.
Sometime it has to go back to reality, every tradie can't have two houses, the boat the car and 4x4, the jet ski, the overseas holiday with the faily every year, somebody has to pay his wages and not everyone is a mining magnate to be able to afford to pay the tradie.
So as you say, we are just coming down from 20 years of mindless growth, it was a hell of a ride.

it was a hell of a ride.
Indeed i enjoyed it
Landed with my backpack in Adelaide in 95
No regret, the gravy years ended around 5y ago but as it was time to get out perfect timing
Here in Brisbane, it has not been good since, there is a small surge in mining now, but not enough people involved to make much difference in the street.my rate in that area just got higher for a short term contract, first up move in probably 8 years or so